Gold Prices Rally After Bernanke Hints at Stimulus
NEW YORK (TheStreet ) — Gold prices staged a rally, breaking an almost three-day selloff, after Ben Bernanke left the door open for more monetary easing.
Gold for December delivery added $34.10 to close at $1,797.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,800 and as low as $1,759.50 while the spot gold price was adding $35.80, according to Kitco’s gold index.
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